Bright spots. Exports declined less than domestic but weak demand continues to bite. Joining us from hong kong is in karenrrent is in the is enda curran. Is pickingps demand up, and might put a floor on the economy into year end. There was a weaker import, and that underlines that the domestic demand is still weak. We know that new orders of the official manufacturing pmi remain weak as well come us adjusting that bottoming out still has a little bit to go before we can fully call it stabilization in chinas economy. The trade numbers were ok. There were certainly some optimism, but the big picture remains whether the government can push ahead and reach this phase i agreement theyve been talking about. Alix speaking of, the conversation has been to digitally that the phase i deal will happen in a rollback. The ministry of commerce spokesman in china saying that there have been serious discussions, and agreed to remove the tariffs in phases as progress is made on the agreement. What is t
Bankers to meet when the markets arevolatile, trade tensions are heightened, the Global Economy is slowing, theond market i flashing a warning sign, and theres a lot of uncertain over Interest Rate policy. But thats exactly what is happening in h jacksone, wyoming, and the stakes are high. This annual gathering of federal officials is turning into onef the mostanticipated of all, especially given the deep divisions among policymakers. Steve liesman is there. Reporter as the fed gathers in the shaw of the Teton Mountains for the annual jackson holeeeting, the first officials to speak didnt tell the markets what they wanted to hear about the need for deep Interest Rates cs in the months ahead. I didnt think the cut was propriate necessarily but i went along with it to get back to neutral, but my forecast i ju to hold. My sense was weve added accommodation. Right. And it wasnt req in my view. I think were g in aood place relative to the manda were asked to achieve. Reporter the fed presid